Business Studies- Insurance

Business Studies- Insurance

7th Grade

12 Qs

quiz-placeholder

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Business Studies- Insurance

Business Studies- Insurance

Assessment

Quiz

Other

7th Grade

Practice Problem

Hard

Created by

Shane Howard

Used 4+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is Insurance?

Insurance offers financial protection against possible loss

Insurance offers physical protection to the insurer

Insurance is back up if something goes wrong

Insurance is a type of interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The financial payment made to an insured person if they suffer an injured loss is

Interest

Compensation

Premium

Safety

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is not one of the principles of Insurance?

Compensation

Contribution

Indemnity

Insurable Interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

"The injured person should not profit from insurance"- what principle of insurance is this to do with?

Contribution

None of them

Subrogation

Indemnity

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of insurance is compulsory in Ireland?

Motor

Home

Holiday

Travel

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of motor insurance would give you the most protection?

Third Party

Comprehensive

Third Party, Fire & Theft

Fire & Theft

7.

FILL IN THE BLANK QUESTION

30 sec • 5 pts

A discount on an insurance premium is also know as what?

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